As demonstrated in this Postmedia article - age restrictions are legal in the great province of Alberta (the only province where this is permitted). As such, if your life circumstances change, be it from pregnancy or your 20 yr old deadbeat son returns - sorry, the condo board has legal standing to ask you to leave.
The CondoSensei's take? Don't look at age restricted buildings for a whole host of reasons - most of which revolve around it limiting the value of your condo:
~CondoSensei
The CondoSensei's take? Don't look at age restricted buildings for a whole host of reasons - most of which revolve around it limiting the value of your condo:
- CMHC will likely deny coverage to you the buyer on age restricted buildings - limiting certain buyers from being able to buy your unit
- Age restrictions severely reduce the ability to rent your unit
- If you choose to sell your unit one day, the number of people able to buy your unit will be limited, thereby reducing the price you can get for the unit.
- In the case of 21 and over buildings - I'd happily take an infant over a 22 yr old who's discover the bass knob on his new 5,000 watt home theatre setup.
~CondoSensei